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Rosslyn Data wins two contracts with big multi-national companies worth £0.6mln

The first customer, a sustainable technologies business, is to implement Rosslyn’s RAPid platform, while the second, a global insurer, will also implement RAPid, as well as Savings Tracker

data analytics
RAPid helps companies improve cash flow and monitor supplier performance

Rosslyn Data Technologies PLC (LON:RDT) rose on Tuesday after the big data group said it has won contracts with two multi-national companies worth more than £0.6mln.

The contracts are for delivery of procurement and supply chain analytics solutions to more effectively manage costs, compliance and risks.

One of the new clients is a sustainable technologies business that employs 15,000 people around the world.

READ: Rosslyn slashe slosses by 75%, turns cash generative

Rosslyn said the client wants a better understanding of global procurement performance by supplier, by site and also the impact of price changes on profits, which the firm's RAPid platform “was able to meet comfortably”.

The other customer is an insurer with operations in 140 countries. It is also implementing the RAPid platform along with Savings Tracker, which allows teams to track projects, and forecast and track savings.

“These wins demonstrate our ability to win clients in competitive processes across various industry sectors, including clients with very specific needs in their procurement functions,” said chief executive Roger Bullen.

“It is a further validation that our RAPid Analytics Platform is the technology of choice for companies serious about leveraging the value of their data to improve business performance.”

In afternoon trading, Rosslyn shares were 1.4% higher at 7.25p.

 -- Adds share price --

Quick facts: Rosslyn Data Technologies PLC

Price: 7.15 GBX

AIM:RDT
Market: AIM
Market Cap: £13.79 m
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